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A Look Back at Michigan's Battery Subsidies

Mackinac Center policy analysts discuss A123

… dollars approved for the battery maker, A123 Systems. The Mackinac Center and Michigan … putting their own stock portfolios into A123 Systems. They were putting taxpayer … actual projections that they promise.” A123 has been bought out by another group … policy James Hohman was quoted on A123 developments and the company's connection …

CapCon Coverage Gets National Media Attention

… gan Capitol Confidential’s coverage of failed electric car battery maker A123 continues to garner media attention. The Washington Examiner recently reported … in 2010 at an announcement about the company opening a plant in Michigan. A123, which received hundreds of millions of dollars in corporate welfare, has …

A123 Files for Bankruptcy

Yet another failure of central planning

Electric car battery-maker A123 Systems has filed for bankruptcy, according to Bloomberg News. The … known financial trouble, just a few months ago A123 awarded sweetened severance packages to its top … a pattern of large pay increases top executives at A123 Systems have received. In sum: The president of …

Government-Backed Green Energy Company Sweetens Package For Top Executives Despite Mounting Problems

In SEC filings, A123 Systems raises 'substantial doubt on the Company's ability to continue'

… payout if they lose their jobs. A123 Systems, which opened a Livonia … factory in Korea in February. A123 Systems, which received $249.1 … Economic Development Corp. said A123 Systems hasn't received any state money from them yet. But A123 Systems stated it expects to … ending Dec. 31, 2012. One of A123's top customers, Fisker Automotive, …

Media Looks to Center on A123 Bankruptcy

State and local media are turning to the Mackinac Center for analysis of the announcement that A123 Systems declared bankruptcy today. Fox News, MLive and Instapundit all cite Jarrett Skorup on the failed electric car battery maker that received hundreds of millions of dollars in corporate welfare. …

MEDC's Lack of Transparency Goes National

… Development Corp. taking down a promotional video showing Gov. Jennifer Granholm and President Barack Obama touting failed electric car battery maker A123. “The problem is that policymakers decided to be in the business of picking economic winners and losers and unfortunately they’ve picked the losers …

Job Numbers Vary Widely for Taxpayer Funded Electric Car Battery Maker A123 Systems

MEDC reported hundreds of jobs just prior to company's bankruptcy

Electric car battery maker A123 Systems was offered as much … That was just 16 days before A123 Systems filed for bankruptcy. … quarter ending Sept. 30, 2012, A123 Systems reported having just … MEDC, said the jobs number for A123 Systems was taken directly from A123's payroll records. "The feds …

Center Cited in National Review

Michelle Malkin writing at National Review Online today cites the Mackinac Center on how electric car battery maker A123 laid off workers and gave executives large raises after receiving hundreds of millions of dollars in corporate welfare. Michigan Capital Confidential broke the story in February.

MEDC Removes Video of Obama, Top Dems Praising Failed Battery Company

YouTube promotion showed Obama, Granholm, Levin and Stabenow promising thousands of jobs

… highlighting the battery manufacturer A123 Systems. At the time, the … Debbie Stabenow. Since then, A123 has shed money, laid off half … after the initial roll-out, A123 is being acquired by a Chinese … initiatives. Michigan gave A123 Systems $100 million in MEGA … Department of Energy awarded A123 Systems a $249.1 million grant as …

A123 Logs Its Own List of Failures

Like Solyndra, hundreds of millions in government subsidies didn't stop company from going bankrupt

… President Barack Obama highlighted A123 Systems during a White House … not in the way he envisioned. A123 Systems has become a study … green-energy failures. However, A123 Systems, which has its headquarters … Detroit Free Press reported that A123 Systems received $946,830 from … for Chapter 11 bankruptcy. A123 Systems is one of 19 green …